Vipshop (VIPS) Trading Up 6.5%

Vipshop Holdings Ltd – (NYSE:VIPS)’s share price was up 6.5% during mid-day trading on Monday . The stock traded as high as $14.57 and last traded at $14.51. Approximately 28,206,400 shares were traded during mid-day trading, an increase of 91% from the average daily volume of 14,745,078 shares. The stock had previously closed at $13.62.

Several equities analysts recently issued reports on VIPS shares. BidaskClub upgraded Vipshop from a “sell” rating to a “hold” rating in a report on Monday, September 18th. Zacks Investment Research cut Vipshop from a “hold” rating to a “sell” rating in a report on Friday, November 24th. UBS Group started coverage on Vipshop in a report on Monday, October 30th. They issued a “neutral” rating and a $9.00 price target on the stock. Daiwa Capital Markets upgraded Vipshop from a “hold” rating to a “buy” rating in a report on Monday, December 18th. Finally, HSBC upgraded Vipshop from a “reduce” rating to a “hold” rating in a report on Wednesday, January 3rd. Three analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $13.20.

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The company has a quick ratio of 0.74, a current ratio of 1.05 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $8,610.00, a price-to-earnings ratio of 29.61 and a beta of 2.10.

Vipshop (NYSE:VIPS) last issued its earnings results on Monday, November 20th. The technology company reported $0.10 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.10. Vipshop had a return on equity of 34.85% and a net margin of 3.00%. sell-side analysts expect that Vipshop Holdings Ltd – will post 0.53 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in VIPS. Bank of New York Mellon Corp lifted its holdings in shares of Vipshop by 4.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 523,979 shares of the technology company’s stock valued at $5,527,000 after purchasing an additional 20,306 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of Vipshop by 5.7% during the 2nd quarter. Neuberger Berman Group LLC now owns 141,979 shares of the technology company’s stock valued at $1,498,000 after purchasing an additional 7,627 shares in the last quarter. Fiera Capital Corp bought a new position in shares of Vipshop during the 2nd quarter valued at about $5,763,000. Seven Eight Capital LP bought a new position in shares of Vipshop during the 2nd quarter valued at about $165,000. Finally, Teachers Advisors LLC lifted its holdings in shares of Vipshop by 813.0% during the 2nd quarter. Teachers Advisors LLC now owns 1,600,724 shares of the technology company’s stock valued at $16,888,000 after purchasing an additional 1,425,400 shares in the last quarter. Institutional investors and hedge funds own 52.93% of the company’s stock.

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About Vipshop

Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.